USA threat to sell its strategic oil reserves to lower the prices did not affect the world market
01.02.00 00:00
/IRBIS, Feb.1, 00/ - PRIME-TASS informs that information leak on possible
USA sales of its own oil reserves did not affect the world market, as the
prices kept growing at London International oil exchange, and on Asian
markets.
"The market is skeptical about the perspectives of an active use of strategic
reserves by the American administration. These plans have no impact on the
price yet, moreover, they increase the pressure towards its increase", said
the source at the Exchange.
The most influential factor is the information on significant decrease in oil
exports of Iraq. However, OPEC still controls the oil market and it is ready to
take necessary measures to keep the prices under 30 dollars per barrel.